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can be averted. if democrats and republicans can come to an agreement on the big fight that's been, frankly, smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down, comes down to the wire, we are now inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2nd but this does mean we have until august 2nd before we lose our national credit have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and becaus
. >> the largest possible deal. >>chris: the president wants to go big so why are the numbers going down? welcome, everyone, i am here for neil cavuto in "your world." a new round of debt talks get under way at the white house but it is not all smiles. because the president's listen is not looking so grand. we have gone from talk of $2 trillion in cuts to $1.7 trillion and now closer to $1.5 trillion. and there is in guarantee that money won't go lower as the talks drag on. utah republican senator lee thinks we need to go back but $1.5 trillion in cuts spread out over ten years is that going big? >>guest: no, in the big at all. i am not sure it is going anywhere. one congress cannot bind another congress. so no matter how big the cuts are, if they are stretched out over 10 years and not accompanied by a constitutional amendment we have no guarantee they will be followed. >>chris: do you get a sense both sides are trying to get a deal and making it small enough to be palatable because the democrats and the administration will not make a big deal without tax increases, so both will take small incre
'm a big netflix user, by the way. i get the discs sent to my house. they're going global in a big way. they've come a long way from the days they mail out the dvds. >> even though they're not in hong kong. but they're making a big move to latin america. they will expand to 43 companies in south america. they made the first international move to canada. late last year you can see it clearly wants to be a global company, but it's going to be pricey. the company said it would lose up to $70 million in the second half of this year from overseas operation. but investors in the states are cheering the move. the news sent netflix shares soaring 8% on tuesday. ali? >> kristie, how do you do it? are you further ahead in congress how long? is there similar service? >> itunes. it's all about itunes. >> very good. stick around for this story. quite frankly, i don't want to be alone in this piece of knowledge. some farmers in the uk were looking for extra ways to save money. the answer was on the farm in big piles. they're turning livestock waste into energy. the pigs were wallowing in gold. the t
is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
. that is the latest on "traffic pulse 11." back to you. >> our big story the search for a missing seven-month-old baby and care take are. george lettis is live at city police headquarters with why police believe they may have left the city and the call to action. police have questioned the boy's father who admits leaving the baby in the care of a teenager. the seven-month-old child was last seen in the 1100 black of lyndhurst street with a 16-year-old girl jonae boozer. ki'yauhn's father charles birch arrived late it a prayer service last night because he was with police being questioned about the disappearance. ki'yauhn was staying with his father friday but birch left him with pwzer an acquaintance he barely knowles. >> do i know the whereabouts of my son or am i lying about it? i told them i ain't lying about it, you know. they just keep -- you know how police do? they just keep getting on my nerves and i keep telling them the same thing. >> this guy just magically appeared and don't look like he know nothing. >> an amber alert has not been issued in this case because it doesn't fit the criteria ma
tax on alcohol goes up 3%. for more information, go to wjla.com. >>> the big holiday getaway is about to get under way. this year, the highways may not be the busiest. >> aaa says the number of holiday drivers will drop this year and a number of air travelers will increase. we go live to reagan national airport where travelers are already heading out this morning. >> that's right passengers traveling through the three area airports should brace for cross because aaa mid-atlantic says local air travel is up 22%. 784,000 dc/metro area drivers will travel by car, aaa says that is down by almost 3% from the same time last year. roads and highways should be a little less crowded even as drivers are enjoying lower gas prices. aaa says most americans will be staying close to home this year. the average distance travelled this week and will be about 573 miles which is down 7% compared to 2010. for those in the city, that will have much to look forward to. on the national mall, organizers are gearing up for the fireworks and a parade. the maryland transportation authority says it is crucial to
been a big hit in london "evita" here had bad reviews. the mood changed. funny enough, i think that's an intriguing one because in the late '70s america was a little bit in denial about talking about anything political. i mean, you remember the time, after vietnam, and i remember writing the early days of the "evita" run we hit the -- at the same time of the russian invasion of afghanistan, which i don't think anybody really completely understood what was going on. for give me for talking about afghanistan. i've gone off on a tangent. >> another time. >> suddenly people started talking about politics again. they said, maybe paralleled with what we were trying to say there was an interesting subject. >> how much have the critics gotten to you over the years? >> i don't really care very much if i don't think the critics really understand music. >> somebody that you respect, what is the most hurtful kind of thing they could say that would really get to you? >> i guess somebody who i did respect as a musician said that the score was humdrum or something, then i would be sad if i believe
have big differences over how to raise the ceiling and avoid default, they can't even agree on whether they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and i'm more optimistic than my friend, the majority leader. we've
'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a major distra
to be a very busy place. we got the folk line festival under way behind me, also the big fireworks show they're getting ready for on monday. two concerts on the steps of the capitol, also at the washington monument. but from coast to coast, we're talking beaches and barbecues and camping and celebration. july 1st and the 2011 great escape is on. ♪ hot fun in the summertime >> reporter: from yosemite in the west. >> i like the girls the best. >> reporter: aaa says 39 million americans will travel 59 miles or more this long weekend. that's 1 million fewer than last year. >> reporter: you can blame the pain at pump. the national average for unleaded now $3.54 a gallon, down from the high of $3.98 on may 4th. but still 80 cents higher than a year ago. >> it's still tough because we're still kind of transitioning from how high the gas prices were so we've got in the habit of not traveling as much. >> reporter: the big surprise? while fewer people are driving than a year ago, more people are flying. air travel is up 9% this summer. >> for some people, it actually may be more convenient and cheap
. that is going to be a big hot topic of political conversation well. eric cantor and john boehner and people issuing press releases the president needs to do more and shows a failure of leadership at the white house. see what the white house has to say later about it. >> the unemployment rate tick up slightly to 9.2%. >> that's going to do it for us. >>> "cnn newsroom" begins right now with kyra phillips. >>> christine, don't go far. we are talking about the disappointing news on the jobs front. >> i won't. >>> labor department reporting only 18,000 jobs were added in june. that is much worse than economists readdicted. of course, those live pictures we can't get enough of. the shuttle is fueled and the crew is suited up but the weather could still cancel today's historic law firm. we are live at kennedy space center hoping that it will take off in time. >>> an arrest in the huge hacking scandal in britain. the news that the world's former editor and the prime minister's former aide. >>> like we told you, we want to start with the jobless numbers. our christine romans, once again, back with
. but i think you'll like the change is coming on the way. that's thank you. now back to our other big story -- >> thank you. now back to our other big story. after months of negotiation, ratified and ebbert -- the players ratified an agreement with the owners. >> jerry kenduskeag has details of the agreement. everybody is smiling and is all over. >> law school today, football tomorrow. the lockout has finally ended. the longest walkout in history with minimal damage on the field. -- lockout in history with minimal damage on the field. the full body of nfl players still have to vote, but they have never gone against what team reps have suggested. this went right to the last minute. they worked until 3:00 a.m. this morning to finalize documents. the ravens will open tomorrow not -- tomorrow morning with training camp beginning wednesday and other team members joining thursday. commissioner roger goodell and executives came together as partners today and they bring football back to the field today. >> everybody had a passion and everybody believes in this game of football and what we can
of residence here in the lakeside village subdivision residents told us they were overwhelmed by the big cleanup job >>at the end of nearly every driveway flood damaged belongings piles and piles of them ... >>we knew we would lose a few things but staring at all of this in one big pile there's a lot of it ... >>generators and blared through the night homeowners say after record rainfall nearly 7 in. falling in the chicago area saturday the water was so high they couldn't get an hour out of that neighborhood ... >>i feel that for a lot of these people lost more than we did >>some residents are still trying to get the water out many waiting for the trash haulers to arrive to take the piles a way >>many residents say that they have been through much worse ... >>2008 was worse ... this was not quite as bad but we are as far as i'm concerned better prepared this time around, i know it's an act of nature but we would like a little bit more recognition of what we are going through ... >>a village board meeting is planned for this evening many residents will attend to rest of there's any
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the course. jeff, does it strike you as just kind of bad politics, bad timing? what's your take on this? >> i don't think anyone in the world cares much who's the treasury secretary. people care that the economy is not recovering, and he is the leading representative of it other than the president himself. things were getting better in may. they stopped getting better. this is a problem in substance, and it's a problem politically. shuffling around the boxes doesn't matter, but the lack of a sense that anything is getting better or there's a plan to get things better is a big, big problem. >> jeff, there's ab
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
economist said, ian sheped heardson said a big bucket of cold water. 18,000 jobs created overall. the estimates ranged from 80,000 to 125,000. market and economists expected more jobs creation than that. when you dig within the numbers you can see government jobs were shed. wow. thousands. 57,000 private sector jobs created but 39,000 government jobs lost. unemployment rate went up. so this tells you, kyra, bottom line, that private companies are not confident to hire in big numbers at all and the government, local and state government, because of budget cuts, continue to slash jobs. this is what the trajectory looks like. we have come from massive job losses there over about a year ago 192,000 four months of bad jobs and then you saw job created and it petered out. another thing when we dig into the numbers. you look at the revisions and what prior months were changed either higher or lower and we found another 44,000 jobs we thought had been created weren't. so it was other months revised down about 44,000. manufacturing, construction, temporary services and jobs in these areas
, the government owes me. how big a problem do you think that is? >> entitlements are narcotics. this is why the left loves to expand the entitlement program in america and they instituted a massive new program called obama care which is essentially socialized medicine. once people get aticted to the narcotic of the entitlement, social security, medicare, medicaid, we have a whole array of entitlements, you get addicted to it, it is difficult to take it away. >> bill: what is the government's responsibility in bad economic times to feed people through food stamps. they have explode. >> we have 47 million americans now on food stamps which is a record breaking number that is heart breaking. >> bill: is that a nasca narco. >> we is so many drk including the food programs and benefits for the poor. >> bill: is that a narcotic? >> i will tell you why. it creates a culture and pattern of victimization. >> most people want to work and do not want a handout. most people want to compete and be in the game. they don't want to sit back and have the government give them sufficient. a small percentage o
rchts good wepz, everybody. i'm contessa brewer covering the big news coast to coast. the big story right now the phone hacking scandal in great britain reaches the highest echelons of government. with prime minister david cameron facing cheers and jeers in an uncommon emergency session of the house of commons. >> i have an old fashioned view about innocent until proven guilty. >> prime minister david cameron addressing the house of commons. >> if it turns out andy coulson knew about the hacking at the news of the world he will not only have lied to me, but he would have lied to the police, to a select committee torque the press complaints commission, and of course, perjured himself in a court of law. >> former news of the world ed tore andy coulson was until january cameron's communications director. >> with 20/20 hindsight and all that has followed i would not have offered him the job and i expect that he wouldn't have taken it. >> coulson was arrested this month suspected of corruption in the u.s. voice mail hacking and police bribery scandal. >> you live and you learn and believ
says a smaller package of about $2 trillion is more realistic. >> yes it's a big package will require big tax increases. it's a job killer. >> when asked whether or not he thought that they could reach a deal in the next 10 days, the president said "we have to." his press conference is scheduled for later this morning. reporting live on capitol hill, abc 7 news. >> thanks very much. jim moran wants to hear your ideas on how to reduce the national debt. the northern virginia democrat and the nonpartisan coalition are hosting an event in arlington tonight. participants will look at budget priorities and see how they will be affected by the various proposals. and it is 6:06. we have 73 degrees on this monday. >> and when "good morning washington" returns, albert haynesworth's sexual assault case heads back to court. we'll tell you what's next for the controversial redskins player. plus, safety concerns mount after the casey anthony verdict and sentencing. what's being done at the memorial to the florida mother's young daughter, caylee? >> but
. >>> big news about the debt ceiling talks. we might see a big shift in the negotiations. the president is going to meet with top senate and house leaders and democratic officials tell us he's prepared to put medicare and social security changes on the table. that's a big about face and it drives home the urgency of the debt situation. >> my expectation is that over the next week to two weeks, that congress working with the white house comes up with a deal that solves our deficit, solves our debt problems, and makes sure that our credit is protected. >> obama is hoping that republicans will support some tax increases or the closing of some tax loopholes or credits. that is going to be a hard sell. here's what republican senator rand paul of kentucky told cnn. >> some of the most conservative members of the senate and house will raise the debt ceiling con tint gent on three items. we want significant cuts, stater to caps like pay as you go, and then we want a balanced budget amendment. if we get these, we'll agree to raise the debt ceiling. >> democratic officials say the president wants
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
of doing something big to change america's unsustainable economic path. what do you think? do that you think that opportunity is lost? >> well, a week is a long time in politics. it can be a lifetime, as you know. i think the big deal, the grand deal, the grand bargain of $4 trillion over four years is dead, it's gone. i think the chances of getting a deal at 2.5 are 2. the middle double deal, very unlikely, because the president does not want to go that high without tax increases and republicans are not going to do it. here's the question that is coming out. and that s. the house republicans are now pushing a very, very tough deal through the house. the -- over on the senate side, the republicans are working to get a version of the mcconnell plan. and the president will accept that as he said in his news conference on friday. but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1
know they are all big boys. and i suspect that speaker boehner in a few minutes. again, can you see what we are waiting on, speaker boehner, we believe within minutes is going to come before cameras and microphones there in the pressroom in the house and give his response to the president's comments. i know they are big boys but the president did go after republicans, especially house republicans. and especially house tea party republicans in this session. does that make it harder to deal or do they just sort of -- >> yeah, probably. but i mean the president has been doing this all along. he did it more forcefully today than he has in the past. remember when he gave the speech at george washington university paul ryan who had pointed out a budget and risks about these things and the president went after him about it it's not the first time. i suspect it's not going to be the last. boehner has a difficult job but simple task. he needs to show up at 11:00 a.m. tomorrow morning that something that house republicans, 218 of them can agree on them. something that's long overdue. i was re
this. every two years we jockey for the next election. we never make long, hard term decisions. the big deal they're talking about cutting spending over the next ten years still adds $6 trillion to the debt so the real deal to limit spending and get us in balance would be an amendment to our constitution. without that, we're just going to talk to each other and run america into the ground. >> let me ask you about the so-called mcconnell/reid plan, which is not, as i understand it, completely put together yet. but it would allow the president to to raise the debt ceiling in three increments between now and the end of next year, perhaps with some spending cuts attached. as a last resort, would you vote for that in order to avoid the -- >> i'm sticking with the -- i don't have any confidence that anything that republican or democratic leaders is going to lead to the solutions that we need. it never has in the past. i'm looking for a win/win. i'm looking for a way to raise the debt ceiling and we need to, but we need to address fundamentally what got us into debt. cut, cap, and balance gets
street is worried about washington. late wednesday moody's one of the big three credit rating agencies warning it might have to lower the rating if lawmakers don't come to an agreement on raising the debt ceiling. in the statement it said the action was prompted by the possibility that the debt limit woil not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of ashort-lived default. economists say if the aaa rating is lowered it will throw the financial markets into chaos and the cost of borrowing would go up to everything from morlts to car loans. ben bernanke warned. >> i think the worst outcome if we don't raise the limit, at some point we default on debt and that would create as i said before, a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headed into wednesday meeting which all sides describe as tense. republican majority leader eric cantor cited the president as saying i have reached my limit. he left saying i'll see you tomorrow. the two sides couldn't even agree about what happened in
at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it was scheduled to carry golfers vacationin
tomorrow night, and that's on big fox. >>shepard: and 23 minutes past 3:00 on wall street, a lot of this is about our debt crisis in the united states and more so in europe where italy has joined "we're in trouble crowd," the markets do not like it and the dow jones industrial average is off considerably 1.4 percent with just about 37 minutes left in the trading day. a major security concern across the river from new york city, at newark, new jersey, at the lebanonty international airport after a crew found a stun gun stuffed in the back pocket of a seat. though discovered the weapon after the jet landed with 96 passengers on the plane were fine and off the plane. and an certify file spokesman says it does not look as if the stun gun was meant to be used in an attack but how did it get past airport security. they were probably very carefully watching out for your 3.2 ounce bottle of conditioner. and now, live from the new york city news room. what are the authorities saying? >>guest: a remarkable story. and the f.b.i. leading the investigation into what does appear to be a fully
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
in the lower righthand corner, you choose, what do you want to see? this very big baby, a newborn giraffe? the most efficient government building in america? that's choice number two. and number three, los angeles guy who finds a way to put hundreds of gallons of gas in his tank, but well, he could go to jail for what he did. we'll tell you about it, if it's the one you pick. your must-see moment of the day. you vote, foxnews.com, happening now, it's your other news source. julie: a fox news alert for you and a power plant implosion that we are awaiting in frisco, texas, this power plant has served texas for 50 years and it will come crumbling down just minutes from now, it is the retired colon power plant in frisco. as soon as that happens, we'll bring you that amazing picture. we never get sick of implosions. jon: what goes up must come down. julie: there you go, live tv for you! jon: right now a stunning turnaround in the sexual assault case against dominic strauss-kahn, prosecutors agreeing to free the former chief of the international monetary fund on his own reconnaissance, that mea
like to say as well just how sorry i am. >> my big question today, will one of the murdochs take the fall for the phone hacking scandal? of course you can reach me on facebook and twitter. to answer that question, let's bring in a reporter for "the washington post" style section. it's good to see you today, paul. what do you think? do you think that we're going to see either rupert or james take the fall? >> at this point barring any other revelations that's a big if i don't think so. the murdoch family controls about 40% of news corp. it has the board pretty much in its pocket. unlikely that they will be forced to resign as a result of this. in the absence of anything else happening. >> his board of directors whose responsibility has been to shareholders has been rather meek and silence on this scandal. now you have a director, tom perkins telling "the wall street journal" that rupert's a genius that and that the board thinks it needs him. how crucial is rupert to the future success of the company? >> well, rupert murdoch built news corp. from a single newspaper in australia in
if there is a chance to put this big deal back together that he and speaker boehner were very close to having this deal last week, that in many ways this speech was almost a post-mortem, almost setting up the blame game for the fact that no big deal is going to happen and no matter what happens here at the end of the day the debt ceiling is probably going to go up, nobody is going to be happy about the deal. i can tell you this, ann, i had a bunch of democrats who said to me would have been a good speech to give two weeks ago. >> i know that he calls republican activism, so much so that we hear capitol hill websites were crashing last night because so many people were trying to e-mail representatives. it sounds like he spooked main street. will he also speak wall street? >> no, wall street is calm. the markets are looking good today. we had a blip down in the indicators from 9:05 and 9:20, then i came right back. nobody is buying the panic or skyrocketing interest rates scenario. >> that said, hedge funds are prepare for a default. >> there's a possibility that we could default. it will be short term.
quarter on g.d.p. growth, and that is the debate on wall street. >> i will show the big board again if we can, a lot of you will look at this and say 200 points because washington is not doing anything, that is part but it is not the majority of what is happening here. a lot of this is having to do with concerns of slow down is happening and we could revisit a serious slow down, if not a double dip, companies lime emerson saying things have turned south. i am not dismissing what is beginning on in washington but for wall street the front burner issue is the concern of the double dip. that is the reality. and, then, there is this. (inaudible) fabio challenges you at 9:00 a.m. on the internet. >>neil: taking on the old spice guy and now, he is responding. >> i accept your challenge. >>neil: if you think that is spicy enter another, and we have the real spice, live from washington. me. we are ear all over the spicy hot debt battle with some of the biggest names in the business kicking off at 4:00 p.m. with mark levin and many others, the big budget brawl continues, alive this weekend on satu
& friends" starts right now. >>dave: good saturday, everyone, a big news saturday. we thought the heat would be the big story. but anything but. a very serious matter. good to have you here for alisyn. >> all hell breaking loose in many parts of the world including in norway. >> we have new information of the shooting in the shotting massacre and bombing that happened hours apart in norway. >> this as the death toll from the attacks has gone up to 91. and greg is leave in london. greg? >>greg: we have been tracking this story through the night and hour by hour it is worse and worse and the words, the gunman as he shot the victims "you all must die," describing the scene, the prime minister, he turned paradise into hell. and now the events of the shocking attack right now. police now say that 84 people were killed on the island 20 miles from the capital of norway, one of the worst mass shooting sprees in history. the gunman was dressed as a policeman calling teens to come closer and then tee towns the guns on him, machine guns, rifles and pistols and the kids ran, hid, played dead, and tried
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